Blake and David Leary dive into several hot topics in the accounting world including the IRS's renewed focus on enforcement, targeting high-income individuals and non-filers, as well as the push to regulate non-credentialed tax preparers. They also explore the ongoing US CPA shortage and discuss potential solutions, including changes to education and recruitment strategies. Moving on, there's talk about emerging threats to traditional accounting software from industry-specific solutions like Clio's new accounting package for law firms. All this and more, right here, right now!
 

Chapters
 

July 19, 2024, global tech outage news

 

AICPA & CIMA Achieves Global Recognition as a Great Place To Work

 

Just How Much Have Accounting Salaries Increased in the Last Five Years?

 

You Need to Make Six Figures to Buy a Home in Almost Half of the U.S.

 

Number of the Day: $5.7 Billion - CPA Practice Advisor

 

I.R.S. Crackdown on Delinquent Millionaires Yields $1 Billion - The New York Times

 

The IRS Tidal Wave Is Here - CPA Trendlines

 

Tax pros: IRS improving, but getting the right answer takes too long

 

IRS advisory committee recommends regulating tax preparers | Accounting Today 

 

Corporate Tax Rate Spurs Political Fight With More Than $1 Trillion at Stake - WSJ

 

Ohio's shortage of certified accountants is part of a national trend

 

Accountants sound the alarm over high-income residents leaving Massachusetts – New Bedford Guide 

 

Trump floats tariff hikes to offset income tax cuts

https://www.accountingtoday.com/articles/trump-floats-tariff-hikes-to-offset-income-tax-cuts 

 

The Accountant Shortage Highlights How Critical Accounting Is to Capital Markets | Smith School 

 

#stitch with @Shanna Morris | accounting major | TikTok 

 

Best Song Ever???

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The full transcript for this episode is available by clicking on the Transcript tab at the top of this page